TMI BlogBlack Money(Undisclosed Foreign Income and Assets) and Imposition of Tax Act (Removal of Difficulties) Order, 2015 - Now it shall come into force from the 1st day of July, 2015.X X X X Extracts X X X X X X X X Extracts X X X X ..... MINISTRY OF FINANCE DEPARTMENT OF REVENUE (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION NO. 56/2015 ORDER New Delhi, the 1 st July, 2015 S.O.1790(E)- Whereas the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 (22 of 2015) (hereinafter referred to as the Act) received the assent of the President on 26th May, 2015; And wherea ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t relating to declaration of undisclosed foreign asset provides for making declaration by any person, on or after the date of commencement of the Act but on or before a date to be notified by the Central Government in the Official Gazette, in respect of any undisclosed asset located outside India and acquired from income chargeable to tax under the Income-tax Act, 1961 (43 of 1961) for any asse ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on 59 and section 60 which may be construed as 1st day of April, 2016, whereas the chargeability of tax under the Act is for assessment year commencing on or after the 1st day of April, 2016 relevant to the previous year commencing on or after the 1st day of April, 2015; Now, therefore, in exercise of the powers conferred by sub-section (1) of section 86 of the Act, the Central Governmen ..... X X X X Extracts X X X X X X X X Extracts X X X X
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